The current modernised world is compromised with wonders for everyone now. Be it people or companies, each one has to undergo the latest trend every day. Thanks to technological advancements, the passport scanner is streamlining company operations and companies are reaching out to consumers more effectively. Although, there is always a contradictory use of everything and advanced technology has too. While businesses are concentrating on finding more reliable means to improve operations, imposters use clever ways to continue their fraudulent purposes. Not all industries are protected from malicious attacks and frauds in the virtual world, and shockingly, the travel Industry suffers some severe obstacles. 

It has become very simple to schedule holiday trips online, but airports and restaurants have been directing some major input from the fraudsters lately. The travel industry has been encountering various trends and unusual unique types of scams too. Therefore, there is an Artificial intelligence-powered solution that restaurants and airports can include a passport scanner to fight against potential online scams. Let’s dive deeper into this article to find out the most advanced scams, shifts in industry norms, and the solution that can assist in combating scams in the fraud in the travel industry. 

What is the Travelling Industry Scam?

None of the businesses is secured from fraudsters and as digitisation is progressing, criminals are becoming more intelligent as well. Some of the popular Travelling industry scams involve:

• Transaction deals of currency 
•  More affordable costs for all the schedules 
• Free driver’s license in the destination country  
• Surpassing passport scan at the airports

Above mentioned are some of the most prevalent scams that each nation encounters. Listed below are some of the common scams that travelling industry encounters that are necessary to discuss. 

Payment Frauds 

Payment frauds are the most common fraud in the travelling industry. False travel agencies are generating a lot of challenges for restaurants. Tourists come with a false booking of restaurants and the staff has to deal with the expenses. Therefore, criminals also require profits or chargebacks to avail the complimentary services of the hotel. Apart from these two transaction problems, paying through forged and misplaced credit or debit cards is also prevalent in the industry. 

Money Laundering 

This is the process of hiding the real source of the money that is gained through illicit means. There are three stages to money laundering known as placement, layering, and integration. Fraudsters can use hotels for the second stage of money laundering that is layering and this is why hotel management must ensure the authenticity of the origin of the money to avoid any money laundering scandal. They can do that through passport scanners to ensure the authenticity of the passport and to make sure that these are not forged or stolen. The background check can be performed through the passports as well. 

Identity Theft

The travel sector is doing its best to keep up with the digital world which means applying the use of digital transactions. Unfortunately, the imposters are using this as an opportunity to carry out their malicious deeds. The requirement for digital check-in can assist the travelling industry to carry out smooth customer onboarding.  But it is also allowing criminals to use fake identities and steal the personal information of the legal customers. Fraudsters with fake and stolen credentials must be verified to ensure safety in the travelling industry. This can cause the industry to face chargebacks, chargeback frauds, and much more. Once the victim finds their credential has been misused, they ask their money bank from the bank who reverse the transaction and the industry is left to lose the money. 

Identity Verification Solution

The identity verification solution that uses the digital means of verification has made it easier for the industry to carry out the verification process. There are identity verification solutions like passport scanners, face verification, document verification, AML solutions, age verification, and address verification that can assist the travelling industry in ensuring the identity of their customers. This solution is AI-powered which ensures accuracy and takes a lot less time so legitimate customers do not have to go through the lengthy process. 

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